Fiat Money: Duck Tales On Federal Reserve Inflation (Animated Video)
Video: Episode of Duck Tales illustrating the negatives of duplicated money.
Well-written and produced. It's probably better than you think it will be, considering it's a cartoon about ducks learning about fiat money.
Call it an animated introduction to the inflationary policy of the Federal Reserve. So far, 18 months into the heavy ease by the Fed, there is little sign of inflation. As dollar savers and consumers, we can only hope it appears soon (with inflation, the Fed will shut-off the credit spigots...with no inflation, who knows when the insanity might stop.). Perversely then, those hoping for a termination of Fed easy money policies, need to welcome the appearance of price increases. It's a strange time.
In other words, if Bernanke doesn't see inflation soon, his initial plan for the great bubble re-blow might crash and burn sooner than anticipated. And then it could get ugly. If Japan is any guide, we might then see stimulus, MBS purchases and debt monetization for another decade.
What's another $10 trillion in debt, when you can purchase 90% of it with newly created Fed greenback credit.
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Feb 3, 2010 at 5:17 PM
Reader Comments (32)
Try imbedding a satirical political message into 'Daisy Does Dallas" instead if you REALLY want to reach those MF's.
Here's a really good talk from Steve Horwitz about alternatives to a central bank. It's long, but during Q&A (about 1:13.00) Horwitz talks about Ron Paul, the Fed Audit bills, the Tea Party movement, and (get this, DB...) he also links Fed skepticism to climate change skepticism and how people no longer trust the "experts."
http://www.youtube.com/watch?v=S2M0RF6faC0
Food for thought. He also totally disavows the over-arching, NWO, "nut job" conspiracy views of central banking.
http://www.businessinsider.com/business-news/feb-4-yawa-2010-2
I have also been studying this for twenty five years, seems we have alot in common...
The logistics of all this will become very tricky, and the fact that nobody is thinking that far down the pike is disturbing to me.
The powers that be will not give in easily, and they will try to guide the changes in their favor.
That is why I am concerned that there is no backlash against Dr. Paul, When historically people have been crushed for even thinking about these kind of things...
Yep. And like gobias's boy Alinsky says, the price of criticism is having a viable and responsible alternative. The flip-side of your caution about the response to Ron Paul is, that for the first time ever, it might actually be worth our time to begin thinking about alternatives to the Fed and even planning for a post-Fed world. For the first time ever, we're not only getting a hearing, but ordinary people are changing their minds -- or opening them, if for the first time. Yes, TPTB aren't too worried right now, but auditing the Fed is actually a possibility. What happens in the wake of such an audit is an open question, but we should also begin thinking on how to capitalize on such an audit. We might not have gotten "CHANGE" in 2008, but things sure have changed since then. And in some ways for the good.
"Take the seniority of holders of OTC credit default swaps to other creditors in bankruptcy. Our friends at HousingWire report that a federal bankruptcy judge in New York sitting on the Lehman Brothers bankruptcy, has voided the seniority claims of holders of various qualified investment contracts, ruling that their ipso facto clauses contained in the deal docs and not in the actual ISDA contract and which subordinated other claims to their own, were "null and void in bankruptcy." This is an important victory for fans of equal protection and due process, and a big setback for the OTC derivative dealer banks which exert considerable influence at the Fed and OCC. See Lehman Brothers Holdings Inc. v. BNY Corporate Trustee Servs. [Case No. 08-13555 (JMP)]."
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
In other words, the priority for CDS (and other swaps) in bankruptcy proceedings that the banksters sneaked into the 2005 bankruptcy "reform" act may not hold up in court. This is important, not just because I've been bitching about it since last January, but because:
"the same legal art that gave the swap counterparties in this latest case the impression that they were senior to the other creditors of the bankruptcy estate was used by former Treasury Secretary Hank Paulson and his successor, Timothy Geithner, to justify the rescue of American International Group (AIG). The very same type of investment contracts that Secretary Paulson and Secretary Geithner swore under oath, over and over again, just had to be paid at par in the case if AIG were just set aside by New York Bankruptcy Judge James Peck.
And notice that the world has not ended when the holders of OTC contracts are treated like everyone else. Indeed, Judge Peck has made a number of rulings over the past two years re-leveling the playing field between holders of OTC contracts and other claims against the Lehman bankruptcy estate. As we have noted before, the admirable conduct of the Lehman Brothers bankruptcy case by Judge Peck and US Bankruptcy Trustee Harvey Miller is the starkest condemnation possible of the AIG bailout, a hideous political contrivance that ranks with the great acts of political corruption and thievery in the history of the United States."
Amen, brother Whalen.
Boy, I sure am glad to know all these guys are lying, and everything happening is just happy coincidences, I feel better now that all these people have been lying for years...
http://amtruth.com/NWOquotes1
That is why I was asking the tough questions on this a couple of months back, Allie was the only one really biting on answering the question I posed back then.
If we do not have a solution, they will create their own, stacked in their favor as usual of course. Many have understood this issue for generations, and even tried to warn us, but the masses followed the boughten instead.
Agreed.
i don't think it would be a stretch to say that the entire world, taken at an aggregate, is insolvent....
Lions and tigers and bears, oh my!!
we're at the point now where EVERY shred of evidence points to criminal acts by paulson and geithner to GIVE money to AIG's counterparties...yet i don't think there is even the slightest rumbling of any movement to bring charges against either...
somebody, somewhere, needs to make it their mission in life to get some momentum going to get these 2 guys indicted...i think it's the perfect thing for the group here to get started and the Bail and Ratigan could become the outlet for the message/movement...
or not...you decide...something to think about...
Lions and tigers and bears, oh my!!
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i'm sure somebody has done a study of this...i don't have time to look now but you gotta think someone has added all the numbers up on an aggregate basis for every country...
Screams reveals what?
LOL
Idiotic screams of a Coward
"History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.
The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.
By thus dividing voters, we can get them to expand their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete action, we can secure all that has been so generously planned and successfully accomplished."
I have repeatedly asked Ken a series of questions over the past couple of months to determine his level of tactical competency. He has failed miserably.
He does seem to be obsessed and very knowledgeable about gonads and cow ards, I think that perhaps those are the sacred cows.
Does the scream of a cow ard sound like a regular cow, or is it different? I have heard of whirling dervish's.
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james...
hadn't seen the Madrid close...ouch down 6% is Serious...the world is insolvent...finally markets are noticing...
Cowards scream @KEN for what?LOL
CREDIT CARDS AND RETAIL=ALL HELL
Card company results show waning credit card use
Rise of debit cards, waning credit card use highlights fourth quarter from MasterCard, Visa
ap
NEW YORK (AP) -- Shoppers still reach for plastic at the checkout, but the card they grab most often these days is a debit card, not a credit card.
That was spelled out Thursday in MasterCard Inc.'s fourth-quarter results. The payment processor posted a 23-percent profit leap, but its shares were beaten down as the numbers revealed further evidence of the fading use of credit cards, whether by choice or necessity.
"People have been utilizing credit, obviously, to a much less extent," MasterCard Chief Financial Officer Martina Hund-Mejean said in an interview.
Meanwhile, rival Visa Inc.'s results not only showed a huge profit gain, but also its dominance of debit, which consumers use more often to buy necessities like food and gasoline. That shielded the San Francisco company's stock from the session's widespread declines.
Both companies rely on fees they get from banks when consumers use their cards.
But MasterCard's continued reliance on credit sent its stock down $25.47, or 10.3 percent, to $222.11. Cutbacks in the amount of credit available to consumers were also evident in the 1 percent decline in the number of cards bearing the MasterCard logo.
While MasterCard's worldwide purchase volume rose 6 percent from the year-ago period, to $510 billion, it fell in the U.S.
Credit card use dropped 13 percent in the U.S., while rising about 6 percent in the rest of the world.
Use of MasterCard's debit cards spiked across the globe, with a 10.5 percent gain in the U.S. and a nearly 20 percent jump worldwide. But total MasterCard debit volume was $225 billion, or about half its credit volume of $448 billion.
Visa late Wednesday posted 15 percent growth in U.S. debit use and 19 percent growth worldwide, to $702 billion. That compares with $530 billion in worldwide credit use. Visa shares slipped just 47 cents to close Thursday at $83.05, as the overall market dropped 2.6 percent.
For the final three months of 2009, MasterCard earned $294 million, or $2.24 per share, compared with $239.4 million, or $1.83 per share, in the prior-year period.
http://finance.yahoo.com/news/Card-company-results-show-apf-1641074336.html?x=0&sec=topStories&pos=main&asset=&ccode=
KEN, STOP KILLING THE FLOW YOU STUPID FUCKING RETARD.
http://www.playpoi.com/inspiration/whirling-dervish-performance-video
Imagine a Dervish spinning and spinning, screaming FUUUCCKK!!!!
LOL
Jokers Debate on, scream on, delete, Edit
(((((((ROME DID NOT BURN IN A DAY)))))))))))))))))
http://www.pushhamburger.com
What DB Revolution here?LoL
bwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
LOL
Jokers Debate on, scream on, delete, Edit
(((((((ROME DID NOT BURN IN A DAY)))))))))))))))))
http://www.pushhamburger.com
What DB Revolution here?LoL